Flutter Entertainment Share Discussion Threads

[blue59] 03/2/2022 19:11

Bit more encouraging in NY.

[harigoyal] 03/2/2022 16:46

The Bank of England has increased interest rate by 50 basis point against only 25 basis point expected. Today's drop is due to this in my opinion. Flutter has significant borrowing.

[solarman2013] 03/2/2022 16:45

Makes no sense except some negative market sentiment across the board so people want to invest in profitable companies today, rather than the promise of profits tomorrow. I believe sentiment will change once they announce 2021 prelim results and also new guidance given the addition of a few states in USA, acquisition of Tomb. and Sahil.

What the market really wants is resolution to the FOX situation, which I believe is imminent.

[blue59] 03/2/2022 16:26

Because I bought more last week!

[goldstj98] 03/2/2022 15:52

Why the almost 5% drop today

[harigoyal] 03/2/2022 00:29

Super Bowl LVI could yield $1 bn betting handle

Beyond the headline PlayUSA projects that Nevada ($175 million) will see the highest legal Super Bowl betting handle, followed by New York ($160 million), New Jersey ($130 million), Illinois ($75 million), and Pennsylvania ($70 million).

Why it matters: The $1 billion figure would set a new benchmark in legal betting handle on the Super Bowl. PlayUSA estimates that last year's Super Bowl produced $500 million in wagers at regulated sportsbooks.

[the white house] 02/2/2022 14:28

Liar, these are first 2 weeks only

[solarman2013] 02/2/2022 14:16

This is still a market where they are learning how to better hold. The hold ratio will continue to improve while FD always seems to beat DK. So why wouldn’t it be worth even more given that performance difference ?

[harigoyal] 02/2/2022 13:51

New York online sports betting operators (total handle - total revenue since launch):

Caesars: $487.4m - $41.8m
FanDuel: $360m - $24.2m
DraftKings: $265.5m - $21.8m
BetRivers: $22.2m - $1.2m

FD:DK is 1.11:1.0.

[the white house] 02/2/2022 11:15

They are exactly that in NY

[harigoyal] 02/2/2022 11:02

FD valuation based on DK market cap is bit unrealistic. NY which is biggest market, FD & DK are not 1:1.5 & in other states also this ratio may not b sustained. DK market cap is more than 10x of revenue which is not sustainable.

Let us value FD based in its revenue & earning

[the white house] 02/2/2022 08:19

Good news for the Sisal purchase, playtech are stating that SNAI their similar Italy oppo ration trading has been...very strong

[the white house] 02/2/2022 08:07

So, FanDuel is 50% bigger than DraftKingsDK market cap 19bn bucksTheoretical FD market cap 27bn bucksOr 19.9bn SterlingFlutter market cap at cob 19.7bn200 by Xmas (again)

[solarman2013] 02/2/2022 02:50

This only pushes more to go FD. Cheapest advertising is to have winners

[harigoyal] 02/2/2022 02:19

Lucky Bettor Wins $579,000 With $20 Wager on NFL Championship Games
A FanDuel customer correctly predicted the final scores of both NFL games Sunday in a single long-shot bet.

[harigoyal] 02/2/2022 02:19

Lucky Bettor Wins $579,000 With $20 Wager on NFL Championship Games
A FanDuel customer correctly predicted the final scores of both NFL games Sunday in a single long-shot bet.

[harigoyal] 01/2/2022 22:51

FanDuel is best US sports betting app, per EKG report

Summary:
FanDuel topped Eilers & Krejcik Gaming's U.S. sports betting app performance rankings in 4Q21, the research firm said in a 70-page report released Tuesday.

Why it matters:
EKG began testing apps in 1Q21. Between 1Q21 and 4Q21, FanDuel was the top-performing app in all but one quarter, in which it ranked no. 2.

FanDuel's dominance of the product landscape correlates with its dominance in the U.S. online sports betting market share standings, the EKG team said. In the 12 months to November 2021, FanDuel had 36% share on a gross gaming revenue basis—which was nearly 1200 basis points ahead of its next-nearest rival, DraftKings.

hxxps://wagers.com/source/#card-fanduel-is-best-u-s-sports-betting-app-per-ekg-report

[harigoyal] 01/2/2022 03:17

FanDuel plans to open a retail sportsbook at Chicago's United Center, home of the Blackhawks and Bulls, the company announced today. If approved by state and local officials, it would be the second retail book at a joint NHL/NBA venue, after Washington DC's Capital One Arena. A Twit by Ryan Butler
3:40 PM · Jan 31, 2022

[harigoyal] 01/2/2022 03:16

FanDuel plans to open a retail sportsbook at Chicago's United Center, home of the Blackhawks and Bulls, the company announced today. If approved by state and local officials, it would be the second retail book at a joint NHL/NBA venue, after Washington DC's Capital One Arena. A Twit by Ryan Butler
3:40 PM · Jan 31, 2022

[solarman2013] 01/2/2022 01:03

So growth across channels and countries, there has to be some crazy new guidance coming…

[vraetorian] 01/2/2022 00:13

PokerStars has solidified its presence throughout Greece as it gains a full licence from the Hellenic Gaming Commission for a range of its brands.

[harigoyal] 31/1/2022 18:55

Billion-dollar baby: The news that New York has broken through the billion-dollar barrier after only three weeks is confirmation - as if it were needed - that New York will indeed be the biggest single state market so far. The $1.2bn figure from the New York State Gaming Commission data means that in monthly handle terms, it has taken New York less than three weeks to achieve what New Jersey managed after three years.

“In our view, however, it was never the revenue opportunity that was in question; rather, it was profitability, given the state’s 51% tax rate,” the Macquarie team added.

On ramp: Suggesting the promotional backdrop was “relatively rational”, the Macquarie team said Caesars would be happy with its early lead (45.7% of GGR). But they noted BetMGM’s performance - 5.8% share in its debut week - highlighted the degree to which “being live on Day One can impact a sportsbook’s ramp.”

hxxps://wagersearningsmore.substack.com/p/jan-31-ontario-sets-a-date

[the white house] 31/1/2022 13:35

Wonderful fortnight for the books post NY 500k+ bonus match being given outDream startUS oppo profitable from February1m new customers in monthSpin off anyone?

[mip55] 29/1/2022 11:05

What is on Tuesday? Some update from management?Good question. Tuesday is 1 Feb. Results are 1 March